Technology Trader

No Silver Lining in the Cloud for Blue-Chip Techs

Cisco, EMC, VMware, and NetApp could continue to suffer in 2014.

Will the dogs of tech, which fell under the shadow of the cloud in 2013, find a silver lining in 2014?

Shares of Cisco Systems (ticker: CSCO), EMC (EMC), F5 Networks (FFIV), VMware (VMW), and NetApp (NTAP), all underperformers this year, trade at very reasonable multiples of projected earnings. There is a case to be made that the hype about the cloud will be outweighed by those attractive valuations next year.